Time 0122

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BTC: The expectation of rebounding to around 45,000 to form a head-and-shoulders top and right shoulder did not hold true. Instead, it has emerged from a channel decline pattern since January 13. It is currently at a small level of horizontal support near 41,400. There are two possible next trends:

1) It traded sideways for a period of time near 41400, then broke through the downward channel, rebounded to around 42200, then stepped back slightly, and rebounded to around 43500.

2) Insert the pin below 40,000, then withdraw it, and return it to around 41,300.

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ETH: Follow the pie. The support level is 2400, and the pressure level is 2480 and 2500.

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Operational suggestions: Neutral to weak. The market may fluctuate widely within the range of 40,000 to 47,000 in the next few days to a week or two, and then converge to a certain level before choosing a direction (it is estimated that the direction will gradually become clear in about a week). 40700 is the dividing line between long and short. If the daily line falls below 40700 and cannot be recovered, it will further drop to around 38000.

Copycats can reduce their positions after the market rebounds.